Holders over time
- ECL
- COST
| Quarter | ECL | COST |
|---|---|---|
| Q3 2020 | 21 holders, $2.4bn | 32 holders, $15.4bn |
| Q4 2020 | 13 holders, $2.4bn | 30 holders, $15.3bn |
| Q1 2021 | 15 holders, $2.4bn | 29 holders, $13.4bn |
| Q2 2021 | 21 holders, $2.8bn | 25 holders, $15.5bn |
| Q3 2021 | 14 holders, $2.7bn | 25 holders, $16.9bn |
| Q4 2021 | 15 holders, $3.5bn | 27 holders, $20.5bn |
| Q1 2022 | 18 holders, $3.3bn | 32 holders, $19.9bn |
| Q2 2022 | 17 holders, $2.9bn | 30 holders, $15.8bn |
| Q3 2022 | 16 holders, $2.6bn | 33 holders, $16.0bn |
| Q4 2022 | 18 holders, $3.0bn | 33 holders, $32.7bn |
| Q1 2023 | 18 holders, $3.5bn | 29 holders, $14.9bn |
| Q2 2023 | 18 holders, $3.5bn | 37 holders, $16.0bn |
| Q3 2023 | 17 holders, $2.9bn | 30 holders, $16.8bn |
| Q4 2023 | 17 holders, $2.9bn | 26 holders, $20.1bn |
| Q1 2024 | 22 holders, $4.2bn | 29 holders, $21.5bn |
| Q2 2024 | 20 holders, $4.7bn | 31 holders, $24.7bn |
| Q3 2024 | 24 holders, $4.9bn | 28 holders, $24.7bn |
| Q4 2024 | 23 holders, $4.4bn | 34 holders, $26.0bn |
| Q1 2025 | 29 holders, $4.9bn | 35 holders, $28.2bn |
| Q2 2025 | 25 holders, $5.1bn | 36 holders, $29.4bn |
| Q3 2025 | 25 holders, $5.0bn | 35 holders, $26.7bn |
| Q4 2025 | 23 holders, $4.6bn | 40 holders, $34.6bn |
| Q1 2026 | 24 holders, $4.5bn | 40 holders, $36.1bn |
| Q2 2026 | 23 holders, $4.1bn | 38 holders, $35.5bn |
Ecolab Inc
- Holders
- 17
- Reported value
- $2.9bn
- Buyers
- 9
- Sellers
- 7
Breadth +2 among 93 comparable managers.
Costco Wholesale Corporation
- Holders
- 26
- Reported value
- $20.1bn
- Buyers
- 15
- Sellers
- 12
Breadth +3 among 93 comparable managers.
Who holds both, Q4 2023
Both (11)
Acadian Asset Management LLC, Brevan Howard Capital Management LP, GAMCO Investors Inc, Invesco Ltd, Man Group PLC, Markel Group Inc, Neuberger Berman Group LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Verition Fund Management LLC, Wellington Management Group LLP
Only ECL (6)
Artisan Partners LP, Baillie Gifford & Co, Point72 Asset Management LP, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Walleye Capital LLC
Only COST (15)
AllianceBernstein LP, AQR Capital Management LLC, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, Eisler Capital Management Ltd, Fidelity (FMR LLC), Jane Street Group LLC, Janus Henderson Group Ltd, Marshall Wace LLP, MFS Investment Management, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Voloridge Investment Management LLC
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.